The Lead investor is the one finding the property, setting up management, raising money, managing repairs and upgrades, dealing with insurance, making distributions to investors and completing all the tax documents for the investors. 

So, in this way I manage the portfolio has a business instead of managing each property as its own separate business.

To avoid escrow delays and tenant upset, I decided to stick with the prior management company.  

Plus, teaming up with a property management company can help find reliable tenants and maximize rental income.

We manage a tons of properties and 40-50% expenses (not including debt) is very common.

I will need to self manage through VRBO/Airbnb in order to help classify the income as active income so that I might be able to right off the accelerated depreciation against W-2 income.- I have about 150K available for a down payment, any suggestions on the type of property to target (cabin, condo) if the goal is to be around cash flow even?

Are there any good resources or websites where I can learn more about these laws.I'm eager to ensure a smooth transition for the tenants and to manage this property responsibly.

I am currently evaluating a multi-family investment opportunity in Anaheim, CAIs there a local commercial broker or property manager who could tell me what the market cap rate is for C class multifamily buildings 10 to 20 units in that area?

Experienced property managers.How Property Managers Estimate RentProperty managers do not solely rely on recent similar rentals when estimating rent.

So, the Realtor will add those since that is the normal course of management.